September 28 & 29, 2020 | Virtual
Please login or join to subscribe to this thread
MBA is an academic master's degree in business administration (management). While PMP is a professional certificate.
I do not see a connection between them but I also thin both MBA and PMP are important but it depends on your vision and what are you planning for your career.
The MBA is not so vocational and is broad-based with skills and knowledge learned from many areas. MBA is a scientific approach to management and you can do a master degree in each unit you study in MBA separately.
The PMP certification is distinctly related to project management and is very focused. It doesn't make you a great project manager but it gives you the tools and the systematic approach to perform a project properly.
Asif, they might be connected, depending on your personal career development. The PMP is a professional certification that verifies your work experience and applied skills. The MBA is a post graduate college degree that proclaims your broad knowledge in business administration. The MBA program will have courses in various aspects of business management including finance, marketing, human resources, economics, organizational leadership, operations, apply chain, accounting, and more - of course all of these are a part of project management in some way at some time so it is good knowledge to have. If the program you choose also has a project management fundamentals or introduction course, that could count towards you education requirement for the PMP. The MBA typically takes about two years to complete and is much more of a financial commitment; some employers offer tuition reimbursement for college studies. Once you receive your degree it is there always; with the PMP credential, you must maintain it with continuing education and service. Depending on your current employment and your future plans, either are tremendous qualifications and together they would be vey strong.
If you are a project or program manager then the PMP is going to help you more. You may need an MBA if you are going in a senior management position. I have both, but rarely seen job ads that require both.
MBA is more helpful for business analysis role.
I am pursuing my MBA with an concentration in Project Management. The information provide here was very helpful.
MBA will give you ideas, inspirations and all fundamental concepts of a Business. it will enhance your logical thinking. Use PMP as a tool to achieve those ideas with a systematic approach.Only. I highly recommend pursuing MBA degree. All the best.
It depends MBA in finance or marketing or and or both are powerful in some area you would weight more if you have MBA and vise versa
you might be a graduate of MBA in finance but have zero experience in project's five domains
Each one has its applications and demand
I did my MBA right after my Bachelors as the latter was in science and I wanted to learn strategy and business.
Once you've worked for a few years in a business role, an MBA will help more in terms of building your professional network and giving you some practice (via case studies) in specific areas which you might not have experience in.
In North America, the MBA "glow" has faded quite a bit since the 90's - few companies outside of large consulting firms or very traditional ones would view it as a "must have" for executive roles, and even those that do would usually help high potential staff from a cost-sharing perspective.
Please login or join to reply